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All news on the topic: Global economy

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Facts behind Trump and Biden's false claims as they come face-to-face at debate
As Donald Trump and Joe Biden prepare to face off in their first debate of the 2024 campaign, it's worth examining the facts behind their claims
540
Royal Fleet Auxiliary workers stage fresh strike in ongoing dispute over pay
The Royal Fleet Auxiliary seafarers are walking out on Tuesday in a fresh strike over pay as the union said the one-year deal offered was 'wholly unacceptable'
1353
Anglo American rejects BHP's £31bn merger bid saying it 'undervalues' business
They further criticised the unsolicited approach as being "is highly unattractive" for Anglo's shareholders "given the uncertainty and complexity inherent in the proposal, and significant execution risks".
830
IMF's head says there's 'plenty to worry about' despite resilient global economy
The head of the International Monetary Fund said the world economy has proven surprisingly resilient in the face of higher interest rates and was in Ukraine and Gaza, but 'there is plenty to worry about'
502
Disney shareholders back CEO Iger, rebuff activists who wanted to shake up firm
Disney shareholders have rallied behind CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney Chief Financial Officer Jay Rasulo, who had sought seats on the company's board
1419
Tesla sales slump 9% as worldwide competition grows and demand for EVs slows
Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers
1121
Ithaca Energy, company behind controversial Rosebank oil field, eyes Eni deal
Ithaca Energy said the deal, which would also see it take over Eni's UK operations, would make it the second largest independent operator in the UK
432
Alibaba scraps planned IPO of Cainiao logistics unit to focus on e-commerce
Alibaba Group Holding on Tuesday said it had scrapped plans to list its logistics unit Cainiao in Hong Kong, as it looks to prioritize growing its e-commerce business while facing challenging IPO market conditions
662
The big hurdles to the global push to build up renewable energy supplies
The world's governments have agreed they want to triple renewable energy by 2030, but many hurdles need to be overcome to achieve this goal
1287
ITV's Mr Bates vs The Post Office is proving a worldwide hit with TV audiences
ITV has seen advertising revenues hit by a stalling UK economy, but programmes like Mr Bates vs The Post Office and Love Island have generated revenues after being screened in foreign countries
1252
ITV profits plunge by more than half as advertisers shun mainstream TV
On a positive trading note, ITV Studios performed strongly, generating record revenues thanks to popular shows like Love Island, which is now in 27 countries, and Mr Bates vs The Post Office, the biggest new drama on ITV in over a decade
507
Vimto-maker Nichols toasts 100th Ramadan with Middle East sales boost
The soft drinks company said its sales in the Middle East rose 10.3% last year, as it marked its 100th Ramadan
810
China's manufacturing sector shrinks for fifth month in a row, survey reveals
Manufacturing survey reflects persistent weakness in the economy ahead of annual legislative meetings where officials are expected to boost policy support
1044
Wincanton agrees to £762m takeover bid from US logistics giant GXO Logistics
The offer represents a 104% premium on the price of shares in January, before takeover interest in the firm was first raised
801
World Trade Organisation chief warns of 'tougher place' for global economy
The head of the World Trade Organization warned on Monday that war, uncertainty and instability are weighing down the global economy and urged the bloc to embrace reform as elections across nearly half the world's population could bring new challenges
1139
Red Sea shipping disruption hits more than half of UK exporters, survey reveals
The British Chambers of Commerce has warned that pressure on businesses will start to build if the problems persist
740
GoDaddy reports surge in small digital businesses making six-figure sums
Around 17% of digital microbusinesses, companies with fewer than 10 employees, now have a six-figure turnover, according to GoDaddy's latest Venture Forward report
377
Japan's economy is now the world's fourth-largest after it falls behind Germany
The Japanese government reported that the economy shrank at an annual rate of 0.4% from October to December
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Samsung chief Lee Jae-yong acquitted of financial crimes linked to 2015 merger
A South Korean court has acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over South Korea's biggest company
1377
Naked Wines hires new boss after predecessor quit on same day as profit warning
Rodrigo Maza has been appointed as the new boss of Naked Wines, weeks after the firm announced job cuts and its former chief executive quit on the same day as a profit warning
1335
FIFA open to the idea of using an algorithm to determine football transfer fees
FIFA wants to open debate on setting soccer transfer fees by algorithm instead of the historic way of two clubs negotiating a market value price for contracted players.
1417
UK economic growth will be worse than previously thought, says the IMF
The International Monetary Fund (IMF) has downgraded its forecast for UK growth in 2023 by 0.4 percentage points, but said the change is largely due to a revision to official data, rather than a worsening economic situation
723
Dr Martens' US sales slump by nearly a third and revenues drop by 31%
The company's American business, which last year had to deal with a major warehouse problem, now faces a "weak consumer backdrop", it said.
1163
'Strikes against Houthis were justified - but we must be ready for reprisals'
Alicia Kearns MP, chair of the Foreign Affairs Committee, says if the UK and US had not acted, the Houthis would eventually have caused a maritime disaster
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US military might in Middle East uncovered as missiles launched in Yemen strikes
The US and UK struck Houthi targets in Yemen last night in response to the rebel group's attacks on trade ships passing through the Red Sea as US military officials vowed not to "tolerate attacks on our personnel"
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